CAclubindia Articles

Revised Schedule VI of Companies Act, 1956

Posted by PRATEEK LOONKAR 17 January 2013 120571 Views

GET-SET-GO with International Practices 1.Overview The Ministry of Corporate Affairs vide its notification no. S.O. 447E dated 28-2-2011 (as clarified by notification no. F.No. 2/6/2008-CL-V, dated 30-3-2011) has issued Revised Schedule VI which

Note on Conversion of Partnership Firm into a Limited Company

Posted by Ajay Mishra 17 January 2013 88189 Views

NOTE ON CONVERSION OF PARTNERSHIP FIRM INTO A LIMITED COMPANYINTRODUCTIONPartnership is a kind of organization, in which, few like-minded persons pool up their resources to form a partnership firm. Section 4 of the Partnership Act, 1932, defines part

Shadow Directors - Myth or Reality

Posted by AMITAVA BANERJEE 17 January 2013 29709 Views

CS Amitava Banerjee It is generally presumed that the business of corporate entities is controlled and transacted by their Board of directors, which occupies a fidu

Societies Registration Act, 1960- A Glimpse

Posted by CS SIDDHARTHA BANIK 17 January 2013 148175 Views

INTRODUCTION This article contains brief description of formation of a Society in India under the Societies Registration Act, 1960. In this article, I have tried to highlight the procedural formalities, important provisions of th

New Proposed Provisions on Related Party Transactions

Posted by Arpit Shah 17 January 2013 17854 Views

1. Definition of Related Party in the Companies Bill 2012: related party, with reference to a company, means (i) a director or his relative (ii) a key managerial personnel or his relative (iii) a firm, in which a

4.94% Service Tax on Restaurant Bills - are we paying extra?

Posted by Navin 17 January 2013 63376 Views

From the plain and simple reading of the provisions of the Service Tax Law, one will simply understand that Service Tax can be levied only on the service portion of any activity. But generally the restaurant owners charge Service Tax on the total bi

A Small Note on Related Party Disclosure

Posted by CA Prashant Gupta 17 January 2013 91488 Views

A Small Note on Related Party Disclosure Sometimes relation between two or more enterprises effects the arm length price transactions between them. To know the effect of this relation on financial statement, one must know this relation. For this p

Reverse Charge Methodology under Service tax

Posted by CA. RAVIKUMAR 17 January 2013 47438 Views

Reverse Charge Methodology of Service Tax. The responsibility to pay service Tax: With effect from 1st July, 2012 The Government of India has notified the concept called reverse charge Methodology, A brief explanation about the same has been inc

SEBI Buy Back Modification - Open Market purchase 2013

Posted by AMITAVA BANERJEE 17 January 2013 6183 Views

Sebi buy back framework modification open market purchase 2013 CS Amitava Banerjee A repurchase of outstanding shares from investors, by a company using its surplus cash within a stipulated time frame at their prevailing market prices

HC grant stay against CBEC's Circular on Recovery of Demands

Posted by Bimal Jain 15 January 2013 18937 Views

AP High Court grant interim stay against CBECs Circular on recovery of confirmed demand during pendency of stay application The Central Board of Excise and Customs (CBEC) has issued its first Central Excise Circular No. 967/01/2013 - CX, dat